New Jobs Report -- Positive, Negative, Neutral?

  1. Mighty Mom profile image91
    Mighty Momposted 3 years ago

    Ok, so the October jobs report was announced this morning.
    171,000 jobs added in October.
    Adjustment of an additional 34,000 previously unreported for September.
    Adjustment of 50,000 additional jobs in August.
    Labor force grew by 578,000 in October.
    Government shrunk by 13,000 jobs.

    But, unemployment figure rose from 7.8 percent last month to 7.9 percent in October.
    (Anyone who can explain how this is a sign that more people entered the workforce, please do).

    Meanwhile, it may (or may not) be useful to look at where the unemployment rates are in each state, especially the all hallowed swing states).
    Note that in the last year, from 2011 to 2012, only 6 states saw their unemployment rates rise -- by small amounts. The rest saw their unemployment rates decline -- by small amounts.

    What are your thoughts?

  2. Cody Hodge5 profile image82
    Cody Hodge5posted 3 years ago

    Until businesses stop blaming Obama for everything, nothing is going to change.

    1. Mighty Mom profile image91
      Mighty Momposted 3 years ago in reply to this

      Yeah! And he's a terrible president because he won't reduce gas prices, either!!